A potential Cypher pattern on the Aussie CAD pair has been spotted. Overall, the pair is in consolidation on the 4 hour time frame (with expectations of going to the upside) and the pattern is inside said timeframe. Therefore, a long position can be opened. Stops are placed below the consolidation zone; Target 1 is placed at a 61.8 retracement and target 2 is ...

Long trade on GBPUSD. Advanced Pattern in the form of a Cypher
I have a very conservative stop on this trade, I believe it could be a lot smaller due to the recent close above the range price was in on a short time frame, and the possible continuation higher on a higher time frame.
Stop @ 1.30550
TP #1 @ 1.31702
TP #2 @ 1.32047

Hello All,
I am very early on this set-up,( I wanted to get in early so if anyone is interested has plenty of time, and can follow easily) C has only just completed, and price is still yet to fall toward our completion point D @ 1.10197.
I have marked on the chart and invalid pattern if price closes over the 1.414
Target 1 has 1:1 R/R @ 1.10617
Target 2 has ...

GBP is pushing up but it seems to be running out of steam in my opinion. I think it is very unlikely for it to break the previous high, therefore I will quote this for an 85% success rate. What are your thoughts?
Trade with care.

January Soybean Meal creating a head and shoulders and bearish Cypher pattern. Waiting for break through 311.8 for confirmation. There is also a bearish flag further suggesting a fall. First downside target 306.9 at S2. Market below the 20 day moving average and on the bottom side of RSI as it trends horizontally.

Hi all,
The EURUSD has a Cypher (as many have pointed out), however, the final extension is a little off. The CD leg blew past the predicted end point. As Cyphers go, this one isn't horrible, but technically not correct. If the pattern holds, we should see a retracement near 1.1670ish. That would drop us back in the channel. We've seen the EU head-fake a breakout ...